February 4th, 2013Local Retailers Don’t Expect Credit Fees to be Passed to Customers
York, PA – Merchants can now charge customers up to 4 percent of a total MasterCard or Visa bill to recover their processing expenses.
But some Laurel Mall merchants don’t see it happening in the Hazleton area.
Shoppers will be alerted if a merchant is levying the charge on credit card purchases in two ways – merchants will have to post signs and list the charge on the register receipt.
The charge, typically from 1.5 percent to 3 percent of the purchase, affects only purchases made with credit and charge accounts, not debit cards, according to Consumer Action, a San Francisco
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